Entitled Persons definition

Entitled Persons means any person entitled to payment pursuant to the terms of Other Financial Obligations.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Entitled Persons means any Person entitled to payment pursuant to the terms of “Other Financial Obligations.”

Entitled Persons means legally wedded spouse of the employee, as per service record, whether dependent on him or not, his dependent children and dependent mother & father. Dependency of children and parents to be decided as per the criteria of income prescribed under the NSC Medical Attendance Rules, amended from time to time, as applicable on the date of death. The entitled persons will receive the benefit under the Scheme in the proportion specifically mentioned in the Nomination Form by the employee. In case any of the person declared as nominee by the employee was no more a dependent in the period immediately preceding the death, or any such nominated person is not covered by the definition of ‘Entitled person’ he will not be paid any grant under the Scheme and his share will be paid to the other entitled nominated persons on equally shared basis.

Examples of Entitled Persons in a sentence

• Notwithstanding any provision in this Indenture or otherwise, the rights of Entitled Persons in respect of Other Financial Obligations under this Indenture and otherwise in respect of the Securities or any series of the Securities may, at any time and from time to time, be modified in any respect or eliminated without the consent of any Entitled Person in respect of Other Financial Obligations.

• The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness (and, in the case of Section 14.15, Entitled Persons in respect of Other Financial Obligations) on the other hand.

• Nothing contained in subsections (c), (d) and (e) of this Section is intended to or shall affect the relative rights against the Company of the Holders of the Securities and creditors of the Company other than Entitled Persons in respect of Other Financial Obligations.

• The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness (and, in the case of Section 1415, Entitled Persons in respect of Other Financial Obligations) on the other hand.

• Nothing contained in subsections (a), (b) and (c) of this Section is intended to or shall affect the relative rights against the Company of the Holders of the Debt Securities and (1) the holders of Senior Indebtedness or (2) other creditors of the Company other than Entitled Persons in respect of Other Financial Obligations.

More Definitions of Entitled Persons

Entitled Persons means persons who have been allocated securities by an offeror in an offer for sale; and

Entitled Persons or "Other Financial Obligations"; and

Entitled Persons means the same as in Article 259 of the 1986 Order;

Entitled Persons means any Person entitled to payment pursuant to the terms of “Other Financial Obligations.” “Event of Default” has the meaning specified in Section 5.01.

Entitled Persons are only the statutory representatives, members of corporate bodies and employees, contractors, consultants and agents as well as the professional advisors of (a) the Receiving Party and (b) the Receiving Party's Affiliates, in each case with a need to know and bound by written obligations of confidentiality and non-use no less restrictive than the terms of this Agreement. The Receiving Party shall (i) limit access to the Confidential Information to a minimum number of persons as necessary for the purpose of performing this Agreement (or exercise of rights granted under it) and (ii) advise all such persons of the confidentiality obligations at the time the Confidential Information is disclosed to them and (iii) procure that they comply with the terms of this Agreement as if they were a receiving party to it. The Receiving Party shall be liable for any non-compliance of such persons with the terms of this Agreement as if the Receiving Party was itself so non-compliant.

Entitled Persons means, in relation to payment of interest or principal in respect of a class, the Noteholders of the relevant class and/or, to the extent that the Principal Paying Agent and/or the relevant Paying Agents have properly paid any such amounts to the Noteholders of such class and not been paid by the Issuer pursuant to clause 7.1 (Issuer to pay Principal Paying Agent) of the Agency Agreement, the Principal Paying Agent for itself and/or the Paying Agents;

Entitled Persons. Existing Subordinated Indebtedness" or "Other Financial Obligations," shall apply to the Securities of such series; and